All Eyes on July 15-20

Back on June 25th I wrote: "I dont believe the 5 week highs are in yet, but I will discuss July 15-20 as a culmination low area of this downtrend off the May highs."

July 5th update ...I believe the 5 week highs are now in and all eyes are now on this pattern culmination window of July 15-20. While it likely wont be the price low, it should culminate a final wave e of a neutral triangle completing a larger wave X. A measured move target hits somewhere around SPX 1308 (.382 retrace) where I then see the biggest window of this upside crash developing into August. This August move should take the SPX sky high well above 1400.

Next 10-15 days will be very interesting to see how severe this Puetz Full Moon reacts. If 1308 doesnt hold, SPX could easily drop back into/below 1280's which would just be more gift for the bulls.